Players gear up for new digital bank licences in 2020

SINGAPORE (Dec 27): Singapore’s financial technology (fintech) ecosystem has grown much livelier. According to the Monetary Authority of Singapore (MAS), there are now more than 600 fintech start-ups in Singapore, compared with 50 in 2015.

Data from global consultancy firm Accenture, released in October, showed that the total value of fintech deals in the first nine months of 2019 jumped 69% to US$735 million ($996.6 million) from US$435 million the previous year.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook